In accordance with Cryptofrontnews, Ray Dalio stated that Bitcoin is unlikely to be adopted by central banks due to its transaction transparency and vulnerability to government interference. He contrasted Bitcoin with gold, noting that governments can regulate or disrupt Bitcoin transactions, while gold remains resistant to direct control. Dalio also highlighted digital security risks, suggesting that Bitcoin could be interfered with or controlled, limiting its suitability for central bank reserves.
Ray Dalio Says Bitcoin Unlikely for Central Bank Holdings
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Summary
Ray Dalio said a spot bitcoin ETF is unlikely to change central banks’ stance on Bitcoin. He pointed out that Bitcoin’s transaction transparency and susceptibility to government interference make it a poor fit for official reserves. Unlike gold, Bitcoin can be regulated or disrupted, he said. Dalio also warned of digital security risks, suggesting that even if a bitcoin ETF approval happens, it wouldn’t make Bitcoin suitable for central bank holdings.
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